BM PLASCO is the only group in the sector of building materials specialising in plastic pipes and plastic pipe fittings to be included in this year's list. This is a remarkable milestone for the company's 45-year effort, manifesting its relentless commitment to creating a better living environment for Vietnamese people through sustainable approaches. Top 50 Listed Firms is a prestigious award by Forbes Vietnam magazine, in which 50 companies listed on Ho Chi Minh Stock Exchange and Hanoi Stock Exchange have been selected based on a ranking methodology from Forbes US. The award assesses the firm’s performance over five years – from 2016 to 2021 – in the aspects of both financial achievement and sustainability. While facing many challenges such as the pandemic, rising material costs, and the global downturn, BM PLASCO has successfully stabilised its operations and developed steadily. In 2021, the company achieved revenue of $192.4 million and a profit of around $9.2 million. In … [Read more...] about Binh Minh Plastics honoured by Forbes Vietnam
Destined 2 win best songs
Tourism Minister proposes extending for implementation of preferential policies
At the question-and-answer session as part of the 14th session of the 15th National Assembly (NA) Standing Committee today At the question-and-answer session as part of the 14th session of the 15th National Assembly (NA) Standing Committee on August 10, Minister of Culture, Sports and Tourism Nguyen Van Hung presented solutions to make tourism really become a spearhead economic sector, the management, conservation, renovation and promotion of the value of national historical relics, solutions to prevent the degradation of social ethics and behavioral culture. Deputies Nguyen Hai Anh from the Mekong Delta Province of Dong Thap and Don Tuan Phong from the Mekong Delta Province of An Giang asked the head of the Culture, Sports and Tourism industry to talk about initiatives to support the tourism industry’s recovery and development in the context of unpredictable developments of the coronavirus pandemic, some countries are still not ready to open the tourism market and still … [Read more...] about Tourism Minister proposes extending for implementation of preferential policies
Korean singer travels to 19 provinces, cities in Vietnam to make music videos
A scene in the MV Joseph Kwon is known as a multi-talented artist. He works as a musician, composer, singer, and producer in Korea and the K-pop market. He is known as one of the music therapists of the Well Hospital Voice Center and SBS Choir Radio Conductor. Joseph Kwon said that his love for Vietnam is very natural. Since childhood, he has loved and always learned about Vietnam; subsequently, he takes every opportunity to come to Vietnam to live and work. His Vietnamese friends called him Joseph Quyen. Joseph Quyen has lived in Vietnam for more than three years and learned a lot about Vietnamese life and people. During the outbreaks of the Covid-19 epidemic in Vietnam, he spent a lot of time composing and performing songs praising the friendship between Vietnam and Korea, and songs about love for Vietnam and Vietnamese food. A scene in the MV Joseph Kwon said that MV Waiting for you, 5000 years - I'm still waiting for you 5000 years was made from May 17 to July 12, … [Read more...] about Korean singer travels to 19 provinces, cities in Vietnam to make music videos
Outbound tours to Europe rocked by passport tangle
The Czech Republic last week joined Germany and Spain in denying new visas related to Vietnam’s new passport, with all three citing a lack of birthplace information. They said the new passport model does not meet the technical standards of International Civil Aviation Organization (ICAO) parameters. Outbound tours to Europe rocked by passport tangle, illustration photo “The Czech Republic agrees with other member states of the EU and will stop recognising the new passports. The decision is effective from this moment,” said a notice posted on the website of the Czech Embassy in Vietnam on August 2. The moves have damaged the plans of some travellers who had already booked tours with specialised travel agents. Nguyen Van Tai, director of Vietsense Travel, told VIR that the company has cancelled the tours of five customers who bought tickets to visit Eastern Europe in September. “The company has been heavily affected, losing hundreds of millions of VND (equivalent to … [Read more...] about Outbound tours to Europe rocked by passport tangle
Gusto Thai Restaurant earns second Thai SELECT award
On August 9, Thai Ambassador Nikorndej Balankura and commercial counselor of the Embassy of Thailand Taneeya Foocharoen were welcomed to attend the celebration to award the Thai SELECT certificate to Gusto Thai R estaurant at No. 9 Phan Chu Trinh street, Hoan Kiem district, Hanoi. Gusto Thai receiving the Thai SELECT award from the Thai embassy This event validates the authenticity and excellence of the Thai cuisine and service at the restaurant. Gusto Thai's founder, Pham Do Lan Phuong, told VIR , "When the Thai Embassy came unannounced to check, we were completely unaware and had not prepared anything. We greeted them as if they were typical guests." During a discussion with Ambassador Balankura, Phuong said that maintaining the originality of Thai food while adapting it to Vietnamese preferences is Gusto Thai's greatest challenge. Since the head chef of the restaurant is Thai, there are tight restrictions on the ingredients used in the recipes. The … [Read more...] about Gusto Thai Restaurant earns second Thai SELECT award
Building cities fit for human needs
The eighth edition of the biennial World Cities Summit returned to a fully in-person conference format at the Sands Expo and Convention Centre in Marina Bay Sands after a largely virtual summit last time out. At the event, numerous examples were outlined of global cities responding to urban challenges in terms of how to be more resilient, sustainable, and cohesive. The theme of this year’s summit, “Liveable and Sustainable Cities: Emerging Stronger”, was crafted to reflect the urgent and important imperative that economic growth can no longer be pursued at the expense of climate change and environmental degradation. Maimunah Mohd Sharif, executive director of the UN Human Settlements Programme said at the summit that the world has had enough policies, strategies, and innovations. “What we are lacking are actions and we need to act now. This is the time to support multilateralism,” Sharif said. “The pandemic woke us up to really look at the design and focus on housing, climate … [Read more...] about Building cities fit for human needs
Localisation the key for offshore venture victories
Vietnam only currently boasts wind farm projects in operation near the shores. Meanwhile, offshore equivalents are rather new. What does your company consider the challenges to be in the energy transition in the Vietnam market? Riccardo Felici, country manager for renewables consultants OWC Vietnam Every emerging market has challenges to overcome, and these cover different sectors of the industry. Our benefit is to have seen these challenges in several emerging markets such as Taiwan, Japan, South Korea, and Poland. The main challenges that can be foreseen for a truly offshore industry development are policy stability, including remuneration schemes, power grids, and supply chain. Offshore projects are complex projects developed from several miles up to a hundred miles off the coasts. The benefit is better wind resources and larger spaces that allow for very large turbines to be installed. As the size of the projects is significantly larger than onshore projects, … [Read more...] about Localisation the key for offshore venture victories
Education investment dips increasingly into edtech
Clevai, a Vietnamese after-school tutoring platform for K-12 students, last month was the first edtech startup in Vietnam to be selected as an emerging giant in Asia-Pacific 2022 by HSBC and KPMG, based on estimated company value, total venture capital received, and future growth potential. The joint report highlighted 10 emerging giants in Vietnam that will make a lasting impact on the regional and global landscape over the next decade. Last September, Clevai raised $2.1 million in a pre-Series A funding round led by Singapore-based Altara Ventures. In the same year, English-learning platform Educa raised $2 million from Redefine Capital Fund. After-school learning app Marathon also reported securing $1.5 million in pre-seed from numerous funds and angel investors, including Singapore’s Forge Ventures. Educational cooperation has always been one of the highlights of the relationship between the two countries, with active participation from both the private and public … [Read more...] about Education investment dips increasingly into edtech
The key challenges ahead for a digital economic boom
More Vietnamese businesses understand the importance of digital transformation. What are your observations on the current digital landscape? Dwayne Ong, founder and CEO of Singaporean certification body CASUGOL It is heartening to see that more small- and medium-sized enterprises (SMEs) in Vietnam has started adopting digital solutions in their businesses and serve their customers. This covers digital payments, creating online presence, and using data to customise products/services to enhance customer experience. Recent research has also shown that the number of Vietnamese connected to the internet has also increased to nearly 85 per cent. However, the majority of the digital transformation initiatives are largely congregated in major cities like Hanoi, Danang, and Ho Chi Minh City. With over 90 per cent of businesses in Vietnam made up of SMEs and micro-businesses, there are still a lot of opportunities to improve digital adoption among them. The main challenge that … [Read more...] about The key challenges ahead for a digital economic boom
Vietnam, Denmark seek ways to intensify economic, trade ties
Vietnamese Ambassador to Denmark Luong Thanh Nghi (L) at working session with Deputy Director General of the Confederation of Danish Industry (DI) Thomas Bustrup (Photo: VNA) Hanoi (VNA) – A delegation of major Danish companies will accompany Crown Prince Frederik in his upcoming visit to Vietnam to seek business and investment opportunities with Vietnamese agencies and partners, Deputy Director General of the Confederation of Danish Industry (DI) Thomas Bustrup has said. At his meeting with Vietnamese Ambassador to Denmark Luong Thanh Nghi in Copenhagen on August 9, Bustrup affirmed that in the context that the two countries share many common interests and hold increasingly substantive and comprehensive relations, and many Danish businesses intend to expand their operations abroad, Vietnam has emerged as a potential destination. He expressed his thanks for and appreciated the cooperation and support of the Vietnamese embassy in DI’s activities, and asked the … [Read more...] about Vietnam, Denmark seek ways to intensify economic, trade ties